Reading Time: 2 minutes (Resource News International) — Canada may have a harder time selling oats into the U.S. this year, as the country is expected to import more Scandinavian supplies. Dennis Galbraith of Can-Oat Milling at Portage la Prairie, Man. said one vessel containing oats from the Scandinavian countries of northwestern Europe recently unloaded at the U.S. Gulf, […] Read more
Scandinavia bumps Canada in U.S. oats market
Canola exports set record pace
Reading Time: < 1 minute (Resource News International) — Canadian canola exports are on pace to hit a record high this year, according to industry sources who expect the export pace to remain strong. Canola exporter Lach Coburn, the West Coast manager of shipping with Cargill Ltd., described the current pace of export movement as “healthy,” adding that “it’s busy […] Read more
Ag real estate strong but supplies tight
Reading Time: 2 minutes (Resource News International) — Upheaval in the global financial markets over the past month hasn’t caused any significant damage to the demand for agricultural land in Western Canada, according to farmland real-estate sources. However, willing sellers are becoming harder to find, as many landowners are looking at their land as a relatively secure investment in […] Read more
Feed grains seen “ample” for domestic market
Reading Time: 2 minutes Feed grain supplies in Western Canada should be more than adequate to meet the demand in the coming year, according to market sources who thought the ample domestic feed grain supplies should limit imports of U.S. corn. Canada produced 27.266 million tonnes of wheat in 2008-09, up from 20.054 million the previous year, according to […] Read more
Hog sector braves financial storm, for now
Reading Time: 2 minutes (Resource News International) — Financial uncertainty gripping the international markets could also take its toll on the Canadian hog sector, according to market sources, who noted that prices have declined over the past month. Lower feed grain costs and a weaker Canadian dollar are, however, helping boost the profitability of hog producers in the short […] Read more
PotashCorp, union agree to meet
Reading Time: 2 minutes (Resource News International) — Potash Corporation of Saskatchewan and the union representing striking workers at three of the company’s mines have agreed to resume bargaining, according to a company spokesperson. Nearly 490 workers have been on strike since Aug. 7 when discussions regarding contract renegotiation broke off. The workers are employed at PotashCorp’s Allan, Cory […] Read more
Trade sees yields beating new StatsCan estimates
Reading Time: 2 minutes (Resource News International) — Upward revisions to Canada’s 2008-09 grain and oilseed production estimates, announced by Statistics Canada on Oct. 2, were largely expected by market participants who are already turning their attention to subsequent reports with expectations for even larger numbers. “The crop numbers went up moderately and most of them will go up […] Read more
Credit crunch not yet hitting Canadian ag
Reading Time: 2 minutes (Resource News International) — Western Canadian farmers looking to buy some new land, improve their equipment or simply make ends meet until the next year’s harvest don’t yet appear to have run into problems securing credit. However, an executive with federal ag lender Farm Credit Canada said Monday, if the global financial crisis escalates or […] Read more
Stocks report slightly bearish for canola
Reading Time: 2 minutes (Resource News International) — Large Canadian canola stocks at the end of the 2007-08 crop year, as reported Wednesday by Statistics Canada, combined with expectations for a bumper 2008-09 crop, were seen highlighting the fact that there will be ample canola supplies to deal with during the current crop year, according to trade sources. While […] Read more
Prairies getting colder, but no frost yet
Reading Time: < 1 minute (Resource News International) — Colder overnight temperatures are becoming more normal in Western Canada as the growing season draws to a close. Yet although temperatures just above the freezing mark were reported in northern Saskatchewan over the weekend, widespread frost damage was unlikely, according to a Canadian Wheat Board official. Bruce Burnett, director of weather […] Read more
A message from April Stewart, Country Guide's Associate Editor
